FARMERS' HIGH LINE CANAL AND RESERVOIR COMPANY (EIN 840200720) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1885

Legal Domicile

Principal Officer

CURT ALDSTADT

Phone

3034517604

Tax Period

2022-01-01 to 2022-12-31

FARMERS' HIGH LINE CANAL AND RESERVOIR COMPANY, founded in 1885, is a small nonprofit that reported $865K in total revenue in fiscal year 2022. The organization ran a surplus of $247K, a strong 29% operating margin.

Mission

TO PROVIDE WATER TO MUTUAL DITCH COMPANY'S SHAREHOLDERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $817,550

Investment Income $6,663

Other Revenue $41,000

TOTAL REVENUE $865,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,659

Fundraising Expenses $0

Other Expenses $282,057

TOTAL EXPENSES $617,716

Year-over-Year Comparison

	2022	2021	Change
Revenue	$865,213	$831,113	+0.0%
Expenses	$617,716	$626,675	0.0%
Net Income	$247,497	$204,438	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$127,956

Total Directors

$6,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOLLINGER	GENERAL MANA	40.00	Officer	$105,637	$15,719	$121,356
CURT ALDSTADT	PRESIDENT	1.00	Officer Director	$6,600	$0	$6,600
ROBERT KRUGMIRE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOSH NIMS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PEREZ	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JEANNETTE WOLF	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$865,213	$617,716	$1,931,920	$247,497
2021	$831,113	$626,675	$1,948,077	$204,438
2020	$790,540	$624,491	$2,338,389	$166,049
2019	$811,505	$694,574	$2,307,114	$116,931
2018	$787,523	$744,759	$2,213,992	$42,764

FARMERS' HIGH LINE CANAL AND RESERVOIR COMPANY